All Grocery articles – Page 638
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NewsCompetition Commission to update on ombudsman at end of June
The Competition Commission is expected to update the industry on the proposed grocery ombudsman at the end of June, as the deadline for responses on the consultation concludes today.
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NewsRetail sales fall in year to May
Retail sales fell again in the year to May after remaining broadly flat in April.
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NewsMoody’s downgrades outlook on Tesco
Credit rating agency Moody’s has downgraded its outlook on Tesco to negative over concerns about levels of debt in the business.
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NewsChapter 11 provisions take shine off Ahold’s US performance
International grocery group Ahold has reported that its US chains Stop & Shop and Giant-Landover delivered their best like-for-like performance “in many years” during the first quarter.
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NewsWaitrose improves growth
Waitrose is showing signs of combating recessionary pressures with growth increasing to 4 per cent in the 12 weeks ending May 17, following the launch of its value line Essential.
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NewsTesco chief Sir Terry Leahy takes pay cut
Tesco chief Sir Terry Leahy took a £370,000 cut in his pay and bonus package last year after the US business failed to hit some targets.
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NewsWaitrose launches campaign for Essential range
Waitrose has today launched a direct marketing campaign to promote its recently-launched value range Essential Waitrose.
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NewsTesco clothing boss registers new fashion website
Tesco’s clothing boss Terry Green has registered a fashion website for the company which he mentored as part of a student project.
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NewsHouseholds £3 a week better off last month, according to Asda
The average UK family was £3 a week better off last month compared to the same period in 2008, according to a survey from grocer Asda.
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NewsTesco staff share £98m in bonuses
More than 207,000 Tesco staff are to share £98m in bonuses after the grocer’s recent record results.
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OpinionEra of transparency for retailers?
Asda’s Andy Bond says grocers need to be more transparent, so how can they use social networking sites to improve their customer relationships?
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NewsColes scores another UK hiring
Australian grocer Coles has snapped up another UK stalwart with the appointment of former Boots group financial controller Tony Buffin as its finance director.
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NewsJohn Lewis Partnership sales up
John Lewis Partnership recorded a 2.8 per cent sales rise in the week to May 16.
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NewsAsda chief Andy Bond heralds a ‘new era of consumer power’
Asda chief executive Andy Bond has heralded a “new era of democracy” as consumers now shape the way retailers do business.
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NewsBody Shop drafts in former Sainsbury’s director
Eco-friendly cosmetics giant Body Shop is understood to have appointed a former Sainsbury’s rising star for a top role.
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News
Belgian Delhaize to buy final stake in Greek Alfa-Beta
Belgian supermarket group Delhaize is to buy the outstanding 34.7 per cent stake in its Greek subsidiary Alfa-Beta.Delhaize said it would offer E30.50 (£26.88) a share. It became the principal shareholder of Greece’s second-largest food retailer in 1992.Delhaize chief executive Pierre-Olivier Beckers said he intends to operate Alfa-Beta with “no ...
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Supermarket chain Gimenes to be split between Carrefour and Associação Ricoy
Brazil Carrefour and local operator Associação Ricoy, comprising seven local grocers, will split supermarket chain Gimenes between them in a deal worth BRL60m (£18.9m), according to Gimenes’ creditors.Gimenes filed for Chapter 11 bankruptcy in December. 10 of its 23 units in São Paulo will go to Carrefour for BRL45m (£14.1m), ...
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Doubts cast over grocery ombudsman
No voluntary agreement on creating a grocery ombudsman is likely and some industry sources believe the proposal could even be canned.
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OpinionKnow your customer
Kerry Katona may have had her problems, but she’s still right for Iceland, says Malcolm Walker
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News
Metro seeks government intervention for rival's state support request
Metro has called on the German government to reject a request by its rival Arcandor for state support as it seeks to acquire the latter’s department store chain, Karstadt.Metro chief executive Eckhard Cordes wrote to the government outlining a “commercial solution” that would not need state intervention. Cordes has denied ...